A New Chase Business Checking Account Gets You $100

Check out the latest promotion from Chase bank.

For quite sometime, my husband owned a Chase bank account while I didn’t. Instead, I had opened both personal and business accounts with Washington Mutual. But then as fate would have it, Washington Mutual was bought out by JP Morgan Chase, so now my WAMU personal and business accounts have ultimately ended up with Chase through no deliberate action of mine. But here’s something I found out as one of their new customers: if you’re opening a new Chase business checking account, you may qualify for a $100 bonus.

This Chase promo is valid from June 10, 2009 to August 28, 2009. This means that there’s still plenty of time to take advantage of a sweet deal. There is one catch: where you live. Only certain states are participating in this Chase business promotion including: IL, WI, MI, IN, NY, CT, NJ, OH, WV, KY, FL, LA, OK, TX, CO, AZ, WA, ID, OR and UT. Unfortunately, this offer is only applicable in these states.

Open A Chase Business Checking Account And Get $100!

So what do you need to do to get the one hundred bucks? You need to open a Chase business account with a $500 minimum balance within thirty days to qualify for the money. To open the account, you simply print this coupon (the promo is over) and bring it to a local Chase branch to get started. From my experience opening business accounts, I recommend that you also bring your certificate of doing business, two forms of identification and your federal and state tax identification numbers.

The account must be opened with funds that are not currently on deposit with Chase or any of its affiliates. This means I can’t use my existing WAMU money to qualify for this Chase promo since account conversions don’t count. Also, only one business banking bonus is applicable per year so people who open multiple accounts will only be eligible for receiving the bonus one time.

You can open the account with less but you’ll need to have $500 or more on deposit within 30 days of account opening. This gives you 30 days to come up with a minimum of $500 to qualify for $100. For small businesses such as myself, it’s a decent window of opportunity to raise enough cash to get a significant bonus.

Once you establish a minimum account balance of $500, the $100 is automatically deposited into your business checking account within 10 business days. It sure seems like an easy way to make an extra hundred dollars to me!

Certain Chase business accounts qualify for this promo, including:

• Chase Business Classic Checking
• Business Classic Checking With Interest
• Chase Advanced Business Checking
• Advanced Business Checking with Interest
• Commercial Checking
• Commercial Checking with Interest
• Chase Business Plus Extra Checking

Businesses of all types and sizes have an opportunity to cash in on the $100 bonus while getting an account specifically geared toward their needs.

While it’s only been a couple of months, I’m completely satisfied with my Chase Business Classic Checking account. It’s free because I have a qualifying personal checking account with Chase. If you have a business debit card or maintain a minimum balance, it’s also free. You’re allowed up to 200 transactions monthly and up to $5,000 in deposits.

To open a Chase BusinessClassic account, you only need $25. Then you just have to get that remaining $475 in the account within the next 30 days in order to qualify for a cool $100 bonus. Remember that when you do your taxes, the cash bonus might be considered interest that you’ll need to report on your IRS Form 1099-INT.

Contributing Writer: Stacey Doyle